Shannon Court, High Street, Sandy, SG19 1AG

Freehold investment property for sale, with NHS covenant on the High Street in Sandy.
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Sandy is located in north east Bedfordshire, close to the Cambridgeshire border, around eight miles east of Bedford and around 18 miles south west of Cambridge. It s around 43 miles from central London. Sandy is easily accessible, with the A1 skirting the western edge of the town and with a railway station on the East Coast Main Line, with the shortest journey to London Kings Cross of 45 minutes.

The town and its catchment are likely to grow substantially in the coming years with 20,000 - 30,000 new homes planned for Central Bedfordshire District, in addition to the 23,000 homes already allocated. This includes a proposed new town at nearby Tempsford (around 7,000 + homes). The proposal to open up a new east west rail line between Cambridge - Milton Keynes - Oxford will also benefit Sandy as its preferred route runs close to the town.

Shannon Court is situated in the High Street, close to Market Square. There is a large, free, surfaced car park located to the rear of the property with access directly into the rear of the building.

A three storey building of framed construction with brick cladding and pitched tiled mansard roof. The ground floor comprises three retail units, an office and health centre reception/dispensary accessed from a central walkway with entrance from High Street and the rear public car park. The first floor is a mixture of offices and health space with shared kitchen and WC facilites. Shannon Court Surgery is the largest of the two NHS surgeries in Sandy, with five GP's together with a back up nursing and healthcare team. At second floor there is an office which is mainly open plan, this is let to a singl occupier.

There is potential to change the use of the upper parts in due course to residential, subject to all necessary consents.

Please contact us for a breakdown of the current tenancies.

There is a service charge payable by all the tenants which covers the cost of maintaining, repairing, decorating, heating and lighting the common parts (including structure) of the building. Further details can be provided upon request.

The property is elected for VAT.

The property is offered for sale at a guide of £1.3 million, which reflects a Net Initial Yield of 7.35% (assuming purchasers costs of 5.75%) and capital value of only £86.60psf (GIA)

 

Location
Sandy
Available From
11 October 2018
Property Type
Freehold Investment Property
Floorspace
15,015 sq ft
Partner Property
No

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Alternatively please call us on 01223 664200.








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